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Entries from March 4th, 2008

Is it Halloween? – Real credit card stats and they are scary!

March 4th, 2008 · 2 Comments · Credit Cards

Did you know that the global economy could hinge on your maxed-out MasterCard? Harvard Professor Elizabeth Warren: This is one of the scariest parts for me. The typical family is carrying now about two months’ worth of income in credit card debt. So what’s going to happen long-term? Do we have a period where all [...]

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How Those Debts Do Add Up!

March 3rd, 2008 · No Comments · Consumer Debt

This guy didn’t pay a few cents on his Verizon bill (literally) and it ballooned up to a $4000 in a couple of years. Good stuff! http://cosmos.bcst.yahoo.com/up/player/popup/?cl=6698951

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It’s Either your Personal Property or Your House, which Would You Pick?

March 2nd, 2008 · No Comments · Credit Bureaus and Scores

Things are getting even tougher for the consumer. You used to be able to get some relief through bankruptcy, but the noose is tightening. The case is In re: James Matthew Franzese, Case No. 07-3944-KSJ. Read this article: http://www.bankruptcyorlando.com/2008/02/florida-court-c.html An Orlando bankruptcy court issued a decision which curtails the personal property exemptions for debtors who [...]

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